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Jan 1, 2013
01/13
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. >> reporter: the bush tax cut expire at midnight, and if nothing is done, taxes go up for middle class americans. that is what everyone is trying to avoid. late monday evening vice president joe biden and senator harry read headed to the capitol to brief democrats on a deal worked out between congressional leaders and the white house to prevent across the board spending cuts and tax hikes. >> i think that this is a modest goal that we connect ambush. democrats, republicans in congress set to get this done. this is a modest goal that we can accomplish. >> reporter: for a tax hike for couples earning more than 450-thousand dollars a year. that's a compromise. between what the president wanted and what republicans wanted. the deal also calls for the extension of unemployment benefits and sources say the deal also delays by two months the automatic across the board spending cuts. that two month delay will end up being payed for half with tax revenue and half wiwith spending cuts. for some this is a way to get this legislation through. for others it's a matter of kicking the can down the ro
. >> reporter: the bush tax cut expire at midnight, and if nothing is done, taxes go up for middle class americans. that is what everyone is trying to avoid. late monday evening vice president joe biden and senator harry read headed to the capitol to brief democrats on a deal worked out between congressional leaders and the white house to prevent across the board spending cuts and tax hikes. >> i think that this is a modest goal that we connect ambush. democrats, republicans in...
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Dec 27, 2012
12/12
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KRON
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the main dispute continues to be over taxes. >> in national news. dallas cowboys nose tackle josh brent has been formally indicted on a charge of intoxication manslaughter. for the crash that killed a teammate. brent was arrested earlier this month after police say he flipped his car while speeding though a neighborhood in suburban dallas. brent survived the crash. but his friend and teammate. practice squad member jerry brown. died at a hospital. intoxication manslaughter carries a maximum sentence of 20 years in prison. no court dates have been set. >> right now parts of the country are dealing with the aftermath of a severe storm system that is being blamed for at least six deaths. and tonight. we have dramatic new video of a major tornado that ripped through mobile alabama last night. >> it is right there. we have to hurry up. >> officials say the tornado touched down five times in the mobile area -- ripping off roofs and shattering windows. the destruction was evident at a high school in mobile. were several portable classrooms were destroyed a
the main dispute continues to be over taxes. >> in national news. dallas cowboys nose tackle josh brent has been formally indicted on a charge of intoxication manslaughter. for the crash that killed a teammate. brent was arrested earlier this month after police say he flipped his car while speeding though a neighborhood in suburban dallas. brent survived the crash. but his friend and teammate. practice squad member jerry brown. died at a hospital. intoxication manslaughter carries a...
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Dec 30, 2012
12/12
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KBCW
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harry reid and he are working on a scaled down agreement that focuses on avoiding a middle class tax hike. the plan is to send it to the senate for a vote sunday and then to the house. john boehner had no comment. both sides remain at odds over the democrats' instance that the wealthy pay more in taxes. >> chris: it would only fund the government for 8 days. what does the president propose we do for the other 357 days? >> reporter: president obama insists his plan on the tablt is fair and it include -- table is fair and includes plenty. cuts to spending. >> we can't afford a politically self-conflicted wound to our economy. >> reporter: if the negotiations don't pan out, the president is ready to propose his own scaled back bill that would block tax increases for all but the wealthy and preserve expiring unemployment benefits. with the deficit ticking higher, patience is wearing thin. >> for those of us that invest in the stock market, it's disgusting to watch them jockey around with our money. we're affected every day. >> reporter: missing in all the last-minute negotiations is talk
harry reid and he are working on a scaled down agreement that focuses on avoiding a middle class tax hike. the plan is to send it to the senate for a vote sunday and then to the house. john boehner had no comment. both sides remain at odds over the democrats' instance that the wealthy pay more in taxes. >> chris: it would only fund the government for 8 days. what does the president propose we do for the other 357 days? >> reporter: president obama insists his plan on the tablt is...
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Jan 1, 2013
01/13
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KRON
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it will stay out of spending and keep the bush era tax cuts in place. harry reid says that their goal was to protect the middle class. >> middle-class families will wake up to make sure that the taxes will not go up by $2,200 each. there will be able to pay for rent, groceries, car payments. >> mitch mcconnell said that this agreement was in an effort to not let the middle class suffer. >> we all know that if we did not do anything these would be going up on everybody. we did not want to let that happen. >> the house will reconvene and take of that measure again. >> right now, they are gathering. we will let you know with in this hour. it's not just the fiscal cliff u- s lawmakers need to worry about this morning. there's also concern about the nation's debt ceiling. the u-s reached its legal borrowing limit of 16- point-4 trillion dollars yesterday. the treasury department is taking measures to buy time until the end of february. they include suspending some investments in benefit funds for federal workers. but after that, the treasury will not be able
it will stay out of spending and keep the bush era tax cuts in place. harry reid says that their goal was to protect the middle class. >> middle-class families will wake up to make sure that the taxes will not go up by $2,200 each. there will be able to pay for rent, groceries, car payments. >> mitch mcconnell said that this agreement was in an effort to not let the middle class suffer. >> we all know that if we did not do anything these would be going up on everybody. we did...
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Dec 28, 2012
12/12
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KRON
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many republicans are against any tax increases. most americans just want something to be done. >> if people are just tired of partisanship. we just want everyone to come together. >> if lawmakers do not come together then this may lead to recession. i am and \ / \ \ / ed payne reporting. >> we will be right back. [ male announcer ] if you're ready to get more from your tv service, now's a great time to get at&t u-verse tv. make the switch. [ female announcer ] call now to get at&t u-verse tv for only $29 a month for 6 months, with a total home dvr included free for life. plus, add hbo and cinemax and get the first three months free. [ male announcer ] with u-verse tv, you can record four shows at once with the total home dvr that lets you play back, pause, or rewind your shows from any room. get over 170 hd channels. that's more than cable. [ female announcer ] call now to get at&t u-verse tv for only $29 a month for 6 months, with a total home dvr included free for life. plus, add hbo and cinemax, and get the first three months fr
many republicans are against any tax increases. most americans just want something to be done. >> if people are just tired of partisanship. we just want everyone to come together. >> if lawmakers do not come together then this may lead to recession. i am and \ / \ \ / ed payne reporting. >> we will be right back. [ male announcer ] if you're ready to get more from your tv service, now's a great time to get at&t u-verse tv. make the switch. [ female announcer ] call now to...
SFGTV: San Francisco Government Television
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Dec 29, 2012
12/12
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SFGTV
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we will have tax exempt bonds that we'll issue. the series a being refunding is estimated to come in at about 2% interest rate. so, that's primarily what's driving what's in the circle there in terms of repair savings. we are bringing 4 to 5% interest rate bonds down to the 2% level. of course, we want to take advantage of the low interest rate environment we have currently. and the series b bonds will be longer term debts up to 30 years and that's estimated at right around 4%. a little more details on the refunding. again, this is meant to take out our 2003 bonds, current -- if current market conditions stay as they currently are, we're anticipating a net present value savings of 14% which is pretty extraordinary, or about $31 million of savings coming back to the rate payer. again, just like mortgages and that sort of thing, we're refunding our bonds to the lower interest rate environment. there are some details on what we'll be refunding in terms of the current debt and the charter provides the authorization for us to bring this
we will have tax exempt bonds that we'll issue. the series a being refunding is estimated to come in at about 2% interest rate. so, that's primarily what's driving what's in the circle there in terms of repair savings. we are bringing 4 to 5% interest rate bonds down to the 2% level. of course, we want to take advantage of the low interest rate environment we have currently. and the series b bonds will be longer term debts up to 30 years and that's estimated at right around 4%. a little more...
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upon whom is it going to erupt i will attack myself am i going to tag my brother you understand i want tax my own image you know. and i am going to eventually attack the cause of my anger and my frustration. at seven pm on the sea level one thousand and sixty five in the corners of a hundred sixteenth an awful lot twenty one year old watts resident market fraud was pulled over by the california highway patrol on suspicion of drunk driving a routine traffic stop until police insisted on impounding frys car despite being less than two blocks from home fries mother. join the rapidly growing crowd who along with marquette grew increasingly belligerent of what they felt was the heavy handed police response l.a.p.d. reinforcements are called in the scuffle broke out and fried. his mother and brother were all taken into custody. the squad cars rolled away but the crowd continue to swell as word of the incident swept through the neighborhood when i woke up one hundred fifty to. quarter from the. what happened he said. we just got more and more it was a cumulative it was one. two minutes. sometimes
upon whom is it going to erupt i will attack myself am i going to tag my brother you understand i want tax my own image you know. and i am going to eventually attack the cause of my anger and my frustration. at seven pm on the sea level one thousand and sixty five in the corners of a hundred sixteenth an awful lot twenty one year old watts resident market fraud was pulled over by the california highway patrol on suspicion of drunk driving a routine traffic stop until police insisted on...
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people are here to make tax deadline its the last day for tax write off. it's not the only reason why i donate but, why not? >> goodwill says tax write off is more an incentive in some areas than other autos research has shown it's more important in sanwó6) mateo couny n marin, it's the environment. san francisco, it's the environment. but the way we help people. >> the region is generous, people in the bay area give more than 20 million pounds of stuff each year. a good chunk comes in this week. workers here say the stuff is good. >> we get chanel, prada, we get michael kors. what you find at macy's and blooming daels you'll also find at goodwill. >> check it out. they had to bring in police officers to help with traffic. they say the turn out has been better than they expected and will be herefmj2Ñ at mission stt until 5:00 this afternoon. >> pope benedict call forward medication and reflection. 85-year-old pope says there more good news than bad news in the world even in the bad grabs more headlines and urged followers to tick a step back from negativ
people are here to make tax deadline its the last day for tax write off. it's not the only reason why i donate but, why not? >> goodwill says tax write off is more an incentive in some areas than other autos research has shown it's more important in sanwó6) mateo couny n marin, it's the environment. san francisco, it's the environment. but the way we help people. >> the region is generous, people in the bay area give more than 20 million pounds of stuff each year. a good chunk...
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Dec 24, 2012
12/12
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KTVU
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tax bill. >> reporter: we will continue to publicly shame these tax evadetors. missing money that could have a tax impact on education. >> when question come back, it seems to be a mystery of the universe. we'll show you your own personal best option. >> with most cell phone contracts lasting 2 year, many consumers want to make sure they get the carrier that deliver the best quality for the lowest price. no one service fits all. >> reporter: who has the best mobile phone service? >> verizon. >> at&t. >> metro pcs. >> we never tell anybody. >> reporter: bill moore can help. uses only store bought unmodified thongs indoors and outside and while driving. >> we put software on it that helps automate test. the test we run are calls and up load and download data test. >> reporter: employees travel around the nation recording the data and transferring it to free maps you can access. that general information is not specific to how you use your phone. >> for some people, all they want that phone for is for calling. other people all they care about is data services. if i'
tax bill. >> reporter: we will continue to publicly shame these tax evadetors. missing money that could have a tax impact on education. >> when question come back, it seems to be a mystery of the universe. we'll show you your own personal best option. >> with most cell phone contracts lasting 2 year, many consumers want to make sure they get the carrier that deliver the best quality for the lowest price. no one service fits all. >> reporter: who has the best mobile phone...
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Dec 27, 2012
12/12
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KPIX
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in just six days, a 2% payroll tax is set to expire, along with the bush-era tax cuts, shrinking the average person's paycheck in 2013 by about $1500. long-term unemployment benefits for about two million jobless americans are also set to expire. and 110 billion worth of spending cuts to both domestic and defense programs will start to kick in, forcing layoffs in the public sector and for some private sector government contractors. economists predict that if congress doesn't act, all those cuts and new taxes will push the economy back into a mild recession by mid 2013. the impact of some of these new cuts and taxes wouldn't be felt immediately on january 1. that's because the irs and other agencies didn't expect it to come to this. so it could be a few weeks before workers see more money being withheld in their paychecks. cbs news in hawaii. >>> former president george h.w. bush is in intensive care at a hospital in houston. a fever that kept mr. bush in the hospital over christmas has apparently gotten worse. doctors have him on a liquid- only diet. a bush family spokesperson says t
in just six days, a 2% payroll tax is set to expire, along with the bush-era tax cuts, shrinking the average person's paycheck in 2013 by about $1500. long-term unemployment benefits for about two million jobless americans are also set to expire. and 110 billion worth of spending cuts to both domestic and defense programs will start to kick in, forcing layoffs in the public sector and for some private sector government contractors. economists predict that if congress doesn't act, all those cuts...
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Dec 27, 2012
12/12
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KRON
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without a budget agreement, automatic tax increases for everyone and deep spending cuts will be triggered in the new year. the main dispute continues to be over taxes. >> vicki: starbucks will publicly take a stand on the looming fiscal cliff. c-e-o howard schultz is asking workers at its 120 d-c-area stores to write "come together" on the coffee cups they serve on thursday and friday. he says it's a way to quote: "send our elected officials a respectful but potent message, urging them to come together to find common ground." both sides are due back by thursday and have vowed to make a final attempt. starbucks notes workers are not required to write the message on cups. >> 49ers sunday at candlestick with a chance to clinch the division title kron four's jason appelbaum joins me now with more. .jason the team's a little banged up right? >> manning's am >> vernon davis, manning >> . >> and justin smith at this kind of the big one, butthe injuries shouldn't be a problem sunday with an arizona team in town that has lost 9 of it's last 10 games coach jim harbaugh's team a two-touchdown favori
without a budget agreement, automatic tax increases for everyone and deep spending cuts will be triggered in the new year. the main dispute continues to be over taxes. >> vicki: starbucks will publicly take a stand on the looming fiscal cliff. c-e-o howard schultz is asking workers at its 120 d-c-area stores to write "come together" on the coffee cups they serve on thursday and friday. he says it's a way to quote: "send our elected officials a respectful but potent message,...
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Dec 30, 2012
12/12
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KPIX
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tax hike would only fund the government for eight days. americans deserve to know, what does the president propose we do for the other 357 days of the year? >> reporter: president obama insists his plan on the table is fair. and it includes plenty of cuts to government spending. >> we just can't afford a politically self-inflicted wound to our economy. >> reporter: if sunday's negotiations don't pan out, the president says he's ready to propose his own scaled-back tax bill that would block tax increases for all but the wealthy and preserve expiring unemployment benefits. >> for those of us who invest in the stock market, it's disgusting to watch them jockey around with our money. >> reporter: missing in all the last-minute negotiations is talk of the $1.2 trillion of mandatory spending cuts scheduled to go into effect tuesday. cbs news, washington. >> if the government does go over the cliff, the impact on the aviation industry could be disastrous and it could have a domino effect on the economy. the transportation security administration
tax hike would only fund the government for eight days. americans deserve to know, what does the president propose we do for the other 357 days of the year? >> reporter: president obama insists his plan on the table is fair. and it includes plenty of cuts to government spending. >> we just can't afford a politically self-inflicted wound to our economy. >> reporter: if sunday's negotiations don't pan out, the president says he's ready to propose his own scaled-back tax bill...
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Dec 26, 2012
12/12
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KTVU
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would then be voting for tax cuts as opposed to tax increases they would now have to reach a deal. put the president and the democrat particular party would win. >> he gets to cut the military and he gets to blame republicans for it. >> also if congress does not reach a deal by monday as many as 500 million taxpayers will not be able to file until march and i can explain why when i see you next. tile la campbell -- kyle la calm about a ktvu channel 2 morning news. >>> they are asking all workers from d.c. washington area stores to coliseum together and he said he wants to send a respectful but potent issue. we have more times with the same message. >>> the u.s. base was the target of a suicide attack in afghanistan. a car bomb went off at the gates of camp chapman. the blast skilled a delivery guard and 6 children. the taliban is claiming responsibility. >>> more than 10 people people voted to support it but more than two-thirds voted not to have it but some say it passed too quickly. it protects some rights but underminds others. >>> now that voters have approved higher taxes for
would then be voting for tax cuts as opposed to tax increases they would now have to reach a deal. put the president and the democrat particular party would win. >> he gets to cut the military and he gets to blame republicans for it. >> also if congress does not reach a deal by monday as many as 500 million taxpayers will not be able to file until march and i can explain why when i see you next. tile la campbell -- kyle la calm about a ktvu channel 2 morning news. >>> they...
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Dec 31, 2012
12/12
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KTVU
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we all want to protect tax payers. and can get it done now. >> we have to do this in a balanced and responsible way and if we're gonna be serious about deficit and debt reduction, there will have to have be some sacrifices. >> reporter: -- there have have to be some sacrifices. >> reporter: again, no votes have been scheduled at this point. kyla campbell, ktvu channel 2 news. >> thank you. >>> with all of the focus on the fiscal cliff, a new bill to prevent the so-called dairy cliff is also in play today. the house is expected to vote on a one-year extension of the expiring u.s. farm bill. leaders from the house and senate agricultural committees have already agreed to the bill. if it's not passed, milk prices could double up to $8 a gallon. >>> a number of new laws are ahead for the new year, including one in alameda county that claims to keep plastic bags out of the hands of shoppers. new at noon, brian flores is live with a new bag ban and reaction from residents and a store manager. >> reporter: hi, david. plastic
we all want to protect tax payers. and can get it done now. >> we have to do this in a balanced and responsible way and if we're gonna be serious about deficit and debt reduction, there will have to have be some sacrifices. >> reporter: -- there have have to be some sacrifices. >> reporter: again, no votes have been scheduled at this point. kyla campbell, ktvu channel 2 news. >> thank you. >>> with all of the focus on the fiscal cliff, a new bill to prevent the...
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Dec 27, 2012
12/12
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KPIX
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they have less than five days to come to agreement before tax hikes and spending cuts kick in. senate majority leader harry reid has a plan to let tax cuts expire for households making more than $250,000 a year along with short-term spending cuts instead of the long-term cuts that would happen if there is nodule. >> the american people are waiting for the ball to drop but it's not going to be a good drop because americans' taxes are approaching the wrong direction. >> reporter: negotiations between president obama and house republican leaders stalled last week. the house is now leaving it up to the democratic-controlled senate to solve the problem before the new year deadline. in addition to the "fiscal cliff," treasury secretary timothy geithner warned congress that the u.s. is close to hitting its debt limit of $16.4 trillion. geithner saved the government will take steps to allow more burrough after december 31. danielle nottingham, cbs news, washington. >>> let's look now at the markets. stocks fell sharply by 55 and change. the drop is attributed to consumer confidence fal
they have less than five days to come to agreement before tax hikes and spending cuts kick in. senate majority leader harry reid has a plan to let tax cuts expire for households making more than $250,000 a year along with short-term spending cuts instead of the long-term cuts that would happen if there is nodule. >> the american people are waiting for the ball to drop but it's not going to be a good drop because americans' taxes are approaching the wrong direction. >> reporter:...
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Dec 30, 2012
12/12
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KBCW
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eye 189
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tax hook would only fund the government for eight days. americans deserve to know what is the president -- what does the president propose we do for the other 357 days of the year. >> reporter: president obama insists his plan on the table is fair and includes plenty of cuts to government spending. >> we just can't afford a politically self-inflicted wound to our economy. >> reporter: if sunday's negotiations don't pan out, the president said he's ready to propose his own scaled-back bill that would block tax increases for all but the wealthy. and preserve expiring unemployment benefits. with the deficit ticking ever higher, patience is wearing thin. >> for those of us who invest in the stock market, it's disgusting to watch them jockey around with our money. >> reporter: missing in all the last-minute negotiations is talk of the $1.2 trillion of mandatory spending cuts scheduled to go into affect today. tara mergener for cbs news, washington. >>> former president george h.w. bush is 88 years old and sent to the hospital last month in hous
tax hook would only fund the government for eight days. americans deserve to know what is the president -- what does the president propose we do for the other 357 days of the year. >> reporter: president obama insists his plan on the table is fair and includes plenty of cuts to government spending. >> we just can't afford a politically self-inflicted wound to our economy. >> reporter: if sunday's negotiations don't pan out, the president said he's ready to propose his own...
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Dec 30, 2012
12/12
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KPIX
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the democrats insist the wealthy pay more in taxes. >> the president's tax hike would only fund the government for l days. americans deserve to know what does the president propose we do for the over 357 days of the year. sdmrsz -- >> president omaba insists his plan on the table is fair and includes plenty of cuts to government spending. >> we just afford a wound to our economy. >> if sunday's negotiations don't pan out the president says he's red to -- he's ready to propose his own scaled back bill that would preserve expiring unemployment benefits. >> with the deficit ticking higher -- >> it's disgusting. >> miss ing in all the last minute negotiations is talk of the 1.2 trillion in mandatory spending cuts scheduled to go into effect tuesday. >> the fiscal cliff count down is the big topic on this morning's fogs the morning -- face the nation. there's two big visitors. it starts right after this newscast at 8:30 on cbs 5. >>> plastic shopping bags may soon be the fast. >> the final 2 days for those bags in an entire bay area county. >> a 2012 close, a look back at some of the big stories in
the democrats insist the wealthy pay more in taxes. >> the president's tax hike would only fund the government for l days. americans deserve to know what does the president propose we do for the over 357 days of the year. sdmrsz -- >> president omaba insists his plan on the table is fair and includes plenty of cuts to government spending. >> we just afford a wound to our economy. >> if sunday's negotiations don't pan out the president says he's red to -- he's ready to...
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Dec 28, 2012
12/12
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KICU
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eye 201
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high earning californians will pay higher income taxes for seven years. the fiscal cliffs will hit all americans with much higher taxes and that could lead to an over all u.s. economic downturn. that in term could derail in of the benefits prop 30 may have meant for the state. >> i don't know there's a word to describe how the public is going to be. nobody is going to be happy to see that happen. >> if taxes go up on everybody, it's not going to be a happy time. but i think that's what's inevitably going to happen. >> reporter: average earnings will see 4%, top earners about 6%. that says nothing of lost deductions or other unknowns such as deduction driven pay cuts, lay offs and over all decreased economic development. >> we're going to be very angry. if you're on top, you're on top. but if you're in the middle of the bottom you're really going to be affected by this. >> reporter: now add unemployment benefits that are going to be cut off. >> i make that american politics tend to hurt the american people. >> reporter: fact is no one will be exempt. tom v
high earning californians will pay higher income taxes for seven years. the fiscal cliffs will hit all americans with much higher taxes and that could lead to an over all u.s. economic downturn. that in term could derail in of the benefits prop 30 may have meant for the state. >> i don't know there's a word to describe how the public is going to be. nobody is going to be happy to see that happen. >> if taxes go up on everybody, it's not going to be a happy time. but i think that's...
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Dec 28, 2012
12/12
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KTVU
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high earning californians will pay higher income taxes for seven years. the fiscal cliffs will hit all americans with much higher taxes and that could lead to an over all u.s. economic downturn. that in term could derail in of the benefits prop 30 may have meant for the state. >> i don't know there's a word to describe how the public is going to be. nobody is going to be happy to see that happen. >> if taxes go up on everybody, it's not going to be a happy time. but i think that's what's inevitably going to happen. >> reporter: average earnings will see 4%, top earners about 6%. that says nothing of lost deductions or other unknowns such as deduction driven pay cuts, lay offs and over all decreased economic development. >> we're going to be very angry. if you're on top, you're on top. but if you're in the middle of the bottom you're really going to be affected by this. >> reporter: now add unemployment benefits that are going to be cut off. >> i make that american politics tend to hurt the american people. >> reporter: fact is no one will be exempt. tom v
high earning californians will pay higher income taxes for seven years. the fiscal cliffs will hit all americans with much higher taxes and that could lead to an over all u.s. economic downturn. that in term could derail in of the benefits prop 30 may have meant for the state. >> i don't know there's a word to describe how the public is going to be. nobody is going to be happy to see that happen. >> if taxes go up on everybody, it's not going to be a happy time. but i think that's...
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Dec 31, 2012
12/12
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KPIX
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republicans want tax rates to stay where they are. taxes seem to be the biggest obstacle to a compromise. but others want to see government spending put in check. >> the president is doing nothing about the addiction of his administration he has to spending. he is the "spender-in-chief." >> reporter: president obama says he is willing to do that. >> i offered over a trillion dollars in additional spending cuts so that we would have $2 of spending cuts for every $1 of increased revenue. >> the senate stands in recess. >> reporter: the senate reconvenes at 11 a.m. so as americans celebrate the beginning of 2013, they may wake up wishing it were 2012 when they had more money in their pockets. i'm andrew spencer reporting. >>> just to clarify, the mid into the deadline is 9:00 our time. if the deadline comes and goes, there could still be some wiggle room if the president and lawmakers appear to be working toward an agreement. the tax hikes and spending cuts could be held at bay for a few weeks, then could be repealed retroactively once t
republicans want tax rates to stay where they are. taxes seem to be the biggest obstacle to a compromise. but others want to see government spending put in check. >> the president is doing nothing about the addiction of his administration he has to spending. he is the "spender-in-chief." >> reporter: president obama says he is willing to do that. >> i offered over a trillion dollars in additional spending cuts so that we would have $2 of spending cuts for every $1 of...
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Dec 26, 2012
12/12
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KTVU
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. >> reporter: brian is congress does not act taxes will go up on all americans next tuesday. they are scheduled to get back to work for tomorrow morning which is when president barack obama's flight returns from hawaii but many are pest mystic he will reach -- pessimist particular they will reach the deadline. it is the republican controlled householding out. house speaker john boehner wants increase for those making only 1 million a year. they say it's more likely we will go over the cliff than not. >> if we allow that to happen it will be the most colossal consequential act of congressional you are responsibility in a long time. >> reporter: some republicans are saying president barack obama will actually get his way if a fiscal cliff is not reached before the deadline, kyle la campbell, washington d.c. newsroom. >>> and in general delegations are not as crowded as the first ones. as many as 800,000 are expected to be there for the president's 21st inauguration and that's less than those who flooded the area in 2009. >>> it should be much better and governor brown wants to
. >> reporter: brian is congress does not act taxes will go up on all americans next tuesday. they are scheduled to get back to work for tomorrow morning which is when president barack obama's flight returns from hawaii but many are pest mystic he will reach -- pessimist particular they will reach the deadline. it is the republican controlled householding out. house speaker john boehner wants increase for those making only 1 million a year. they say it's more likely we will go over the...
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Dec 27, 2012
12/12
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higher taxes will give the average american about $1,500 less to spend next year. and economists believe the $110 billion spending cuts will result in more layoffs. senator harry reid has a plan to keep taxes low for everyone making less than $250,000 a year as well as short term spending cuts until a bigger dooley can be reached. >> it is going to be a patch because in four days we can't solve everything. >> reporter: while senators try to brave the bad weather that has hit many parts of the country, in order to make it back here to washington, house leaders say they will not leave home unless the senate passes its bill first. >> good morning? >> reporter: house republicans scuttled the proposal from speaker john boehner last week and 48% of americans say they are to blame if no deal is reached. >> both sides here have a problem with the american people and it's why congress has 11% job approval rating. >> reporter: republican pollster frank lund says americans are fed up with gridlock in washington. >> there is no compromise and i think that's going to grow as a
higher taxes will give the average american about $1,500 less to spend next year. and economists believe the $110 billion spending cuts will result in more layoffs. senator harry reid has a plan to keep taxes low for everyone making less than $250,000 a year as well as short term spending cuts until a bigger dooley can be reached. >> it is going to be a patch because in four days we can't solve everything. >> reporter: while senators try to brave the bad weather that has hit many...
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Dec 28, 2012
12/12
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wants house republicans to return from their vacations to approve a democratic senate plan that extends tax cuts for families making less than $250,000 a year. >> that's the only option that is viable escape route. >> reporter: but republican leaders say it's up to democrats who control the senate and white house to avert the "fiscal cliff." >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> reporter: house members will return to capitol hill on sunday and could begin voting that night. they would have about 24 hours to approve a deal. adding to the urgency, treasury secretary timothy geithner warned congress that the nation's debt limit will be reached by december 31st and extraordinary measures would have to be taken to avoid default on the government's loans. danielle nottingham, cbs 5, washington. >>> just hours ago hawaii's lieutenant governor became the country's newest senator. >> congratulations. >> thank you. >> 40-year-old brian schatz takes the place of long-time senator daniel i
wants house republicans to return from their vacations to approve a democratic senate plan that extends tax cuts for families making less than $250,000 a year. >> that's the only option that is viable escape route. >> reporter: but republican leaders say it's up to democrats who control the senate and white house to avert the "fiscal cliff." >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at...
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Dec 27, 2012
12/12
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there are just five days left until economists say across-the- board tax increases and spending cuts threaten to send our committee over the so- called "fiscal cliff." today the president heads back to washington to try to strike a deal with lawmakers. congressional leaders are urging the senate to consider a bill that is already passed in the house that would extend existing tax cuts. >> meantime, the us treasury department says it will start taking steps to prevent the government from hitting the $16.4 trillion debt limit. >> new evidence the job market is improving. over the past month, the number of people seeking first-time unemployment benefits dropped to the lowest level since 2008. the labor department says weekly applications fell 12,000 to a seasonally adjusted 350,000. but experts warn the christmas holiday may have disrupted the figures. >>> and chicago wins the dubious award of having the nation's most expensive metered parking. starting new year's day park meters in downtown chicago will cost $6.50 an hour. that's up from $5.75. the city leased the meters to a private c
there are just five days left until economists say across-the- board tax increases and spending cuts threaten to send our committee over the so- called "fiscal cliff." today the president heads back to washington to try to strike a deal with lawmakers. congressional leaders are urging the senate to consider a bill that is already passed in the house that would extend existing tax cuts. >> meantime, the us treasury department says it will start taking steps to prevent the...
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Dec 26, 2012
12/12
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KGO
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extra 6 1/2 million dollars to buy more rail cars the funding comes from a controversial 2008 sales tax. the recession and other factors forced the 70 mile project to be shortened. >>> the federal government has denied california's request for a waiver from the no child left behind law. the law requires student test scores in english and math to improve each year and reduces federal funding to states where students don't. the sticking point is california's reluctance to evaluate teachers based on test scores. california's politically strong teachers' union has fought the change. 33 other states and the district of columbia have been granted waiverers from the law with >>> stores are going to be packed today with after christmas shoppers, some will be making returns. the change one retailer is making to its return policy >>> home theater systems offer great sound for your home. michael finney and consumer reports ahead with the money saving option if you are tight on cash. >>> we continue to track showers across the bay area. mike will be back with your forecast and what to expect for th
extra 6 1/2 million dollars to buy more rail cars the funding comes from a controversial 2008 sales tax. the recession and other factors forced the 70 mile project to be shortened. >>> the federal government has denied california's request for a waiver from the no child left behind law. the law requires student test scores in english and math to improve each year and reduces federal funding to states where students don't. the sticking point is california's reluctance to evaluate...
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Dec 26, 2012
12/12
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KTVU
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congress has to vote on the wealth tax and it needs to be adjusted for inflation. both partisay they would agree to it but it's all tied up in the fiscal cliff mess. tax filing season starts next week but the irs would put a hold on that for some. officials would wait for a deal in the new year instead of doing serious reprogramming to their tax system. filing would then be pushed back to march for millions. with refunds coming much later than usual. especially for those who plan on paying off credit card bills that often pile up after the holidays. now all of this could be avoided a deal before the deadline monday night but some long time lawmakers fear it won't happen, more on that when i see you next. live in washington. >> oil prices started edging up arch the president announced he would return from vacation early so he could work on fiscal cliff negotiations. crude oil sells for almost $91 a barrel up nearly two dollars a barrel. it's expected to increase as hope rises that a budget deal can be reached before the deadline and that could keep the economy growi
congress has to vote on the wealth tax and it needs to be adjusted for inflation. both partisay they would agree to it but it's all tied up in the fiscal cliff mess. tax filing season starts next week but the irs would put a hold on that for some. officials would wait for a deal in the new year instead of doing serious reprogramming to their tax system. filing would then be pushed back to march for millions. with refunds coming much later than usual. especially for those who plan on paying off...
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Dec 29, 2012
12/12
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KTVU
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a main sticking point is tax increases on the wealthy. while some suggest raising taxes for those who earn a million the president wants increases on anyone making more than $250,000 a year. >> we just can't afford aself inflicted wound to the economy. the economy is growing. keeping it that way means that the folks you sent to washington have to do their jobs. >> in the weekly address they say congress must meet the deadline and pass a balanced plan that offers middle class tax cuts and reduces spending in a responsible manner. >> the president's proposal to raise taxes on the top 2% of americans won't pay a third of the yearly interest that's owed on this massive 16 trillon dollar debt. >> missouri senator roy blunt gave the gop weekly address. he said the president's tax hike would only fund the government for eight days. >> if no deal is reached here is a look at what could happen. 1.2million out of work americans will loose their extended unemployment benefits. california would be hit the hardest. 400,000 will loose those benefits an
a main sticking point is tax increases on the wealthy. while some suggest raising taxes for those who earn a million the president wants increases on anyone making more than $250,000 a year. >> we just can't afford aself inflicted wound to the economy. the economy is growing. keeping it that way means that the folks you sent to washington have to do their jobs. >> in the weekly address they say congress must meet the deadline and pass a balanced plan that offers middle class tax...
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Jan 1, 2013
01/13
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KTVU
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neither party is thrilled did with the destation about the decision regarding income taxes. leaders on both sides of the aisle want time to look over the legislation. house speaker john boehner plan to vote on this deal or an amended version of it sometime today or tomorrow. live in washington, d.c., kyla campbell, ktvu channel 2 news. >>> 8:16. we have new details about a petaluma house fire on sunday where the flames shot several feet into the air. now we're learning that an off- duty firefighter saw the smoke on sunday, went to the house on tampico court and told the people who lived there to get out. two children and an adult were able to get out safely. the fire caused about $00,000 damage. the cause of it is still under investigation. >>> well, you the public you are invited to a meeting next week about closing down a shell avenue fire station in martinez. contra costa fire district officials say people who live in the area will be able to say how they feel about it, also get information on how the closure will affect fire services in the area. county supervisors voted
neither party is thrilled did with the destation about the decision regarding income taxes. leaders on both sides of the aisle want time to look over the legislation. house speaker john boehner plan to vote on this deal or an amended version of it sometime today or tomorrow. live in washington, d.c., kyla campbell, ktvu channel 2 news. >>> 8:16. we have new details about a petaluma house fire on sunday where the flames shot several feet into the air. now we're learning that an off-...
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Dec 31, 2012
12/12
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democrats offered to raise taxes on households making $450,000. republicans were still hoping for the $550,000. but republicans dropped their demand to cut social security benefits. at that point, joe biden and mitch mcconnell took over negotiations. the two worked together in the senate for 23 years and have a strong history of finding compromise. >> i think there's some good news. the conversations continued late into the night last night. i think now there is a better than 50/50 chance that we will avoid the fiscal cliff by midnight tonight. >> reporter: if the senate comes one a plan and passes it, the -- comes up with a plan and passes, it the house would have to vote on it. kyla campbell, ktvu channel 2 news. >>> 7:16. even if congress avoids the flip, your paycheck will still be smaller in 2013. that's because a temperature reduction in the social security payroll tax expires today. starting in january, workers will, once again, have 6.2% of their wages withheld to pay for social security. that's up from the 4.2% rate that's been in effect
democrats offered to raise taxes on households making $450,000. republicans were still hoping for the $550,000. but republicans dropped their demand to cut social security benefits. at that point, joe biden and mitch mcconnell took over negotiations. the two worked together in the senate for 23 years and have a strong history of finding compromise. >> i think there's some good news. the conversations continued late into the night last night. i think now there is a better than 50/50 chance...